CEFR B2

leasing

noun

Meaning

The action of granting or taking the use of a property or a vehicle for a specified period in return for regular payments.

The company is responsible for the maintenance of the equipment under the leasing agreement.
She opted for car leasing instead of buying one outright.

noun

Pronunciation: /ˈliːsɪŋ/

The action of granting or taking the use of a property or a vehicle for a specified period in return for regular payments.

The company is responsible for the maintenance of the equipment under the leasing agreement.
She opted for car leasing instead of buying one outright.
Leasing commercial property can be a complex process.

leasing agreement (collocation): A formal contract outlining the terms of a lease. — "We signed the leasing agreement yesterday."
leasing company (collocation): A business that specializes in providing leased assets. — "The new car was acquired through a reputable leasing company."
leasing option (collocation): A choice or possibility related to leasing. — "The leasing option allows us to upgrade the equipment every three years."